Arbitrum Perps DEX AFX Trade Hit by $24M Exploit, Offers Hacker 30% Bounty for Return
AI Market Summary
AFX Trade, a perpetual DEX on Arbitrum, reportedly suffered a $24M drain and is offering the attacker a 30% bounty to return funds. The incident highlights ongoing smart-contract and operational risks in DeFi, potentially pressuring risk appetite and liquidity on Arbitrum-linked protocols. Near-term market focus is likely to shift toward incident details, remediation steps, and potential contagion across ecosystem tokens.
Impact level
● Medium
Affected assets
ARB/USDT-1.60%
AI Insight · ARB/USDTAI Insight
▼ Bearish
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AFX Trade, a perpetuals DEX on Arbitrum, reported a $24 million drain. The project said it is offering the attacker 30% of the funds as a bounty if the remaining assets are returned.
